Commercial Property Insurance Services

Property Insurance for Your Business

Is your business in need of a commercial property insurance plan? Call the professionals at Canby Insurance & Investment in Canby, OR today. We have been offering insurance for business owners in the area since 1979.

We are an independent insurance agency, and we pick and choose our carriers carefully to make sure you get the best value and best claims service. Our agents are experienced and knowledgeable. Whether you need building or flood insurance, we can help.

Call (503) 266-2249 today to set up an appointment or to ask any questions you may have. We look forward to working with you. We respond to inquiries the same business day, and we offer same-day appointments. Ask for a free evaluation or quote!

Understand Your Property Insurance Policy

For many business owners, picking the right insurance can be overwhelming. You don't want to pay too much, but you also don't want to leave your company vulnerable. Instead of fretting over the details, let our experts at Canby Insurance & Investment find the best policy for your commercial property.

We'll take all the necessary factors into consideration.

Building

If you own a commercial building, replacement cost coverage is needed. Although cost estimators are available, Canby Insurance & Investments recommends that you secure an appraisal from a third party to accurately determine the current replacement cost of the building. This better ensures you have sufficient protection.

Flood

Most commercial property policies and home policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from damage due to a flood.

Business Personal Property

This provides you with coverage for your business personal property at a specified location and covers furniture, fixtures, equipment, and inventory. Be aware that most commercial property policies have very limited coverage for property taken away from the specified location. 

If you have equipment that is frequently taken off-site to various locations, it is important that you have an inland marine policy (equipment or installation floater) to cover this property.

Business Income (Business Interruption Coverage) 

This coverage reimburses a business owner for lost profits and continuing fixed expenses during the time that a business must stay closed while the premises are being restored because of physical damage from a covered event, such as a fire. 

Business income insurance also may cover financial losses that may occur if civil authorities limit access to an area after a disaster and their actions prevent customers from reaching the business premises. Depending on the policy, civil authority coverage may start after a waiting period and last for two or more weeks.

It is strongly recommended that all businesses acquire this coverage.

EDP

Electronic Data Processing coverage is a separate property coverage specifically designed to protect your computer-related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some cases virus attacks.

If you're still not sure what protection you need, don't worry. That's why our reliable and licensed agents are here. Call Canby Insurance & Investment to talk about your commercial property insurance needs today.